REG - DFI Retail Group Jardine Matheson Hdg - PT DFI Retail Nusantara Tbk 3 Months 2025 Results

Jardine Matheson HoldingsAnnouncement

Wed 11:00

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RNS Number : 8400G  DFI Retail Group Holdings Ltd  30 April 2025

 Announcement
 30 April 2025

 

 

PT DFI RETAIL NUSANTARA TBK

THREE MONTHS RESULTS ENDED 31 MARCH 2025

 

 

 

The following announcement was issued today by the Company's 89.3%-owned
subsidiary, PT DFI Retail Nusantara Tbk.

 

 

 

For further information, please contact:

 

 DFI Retail Group Management Services Limited
 Diky Risbianto                                (62-21) 8378 8388

 

Tangerang Selatan, 30th April 2025

 
PT DFI RETAIL NUSANTARA TBK
THREE MONTHS RESULTS ENDED 31st MARCH 2025

 

Highlights

·    Net revenue grew 13% year-on-year, primarily driven by strong Lebaran
Festive results

·    Profit from continuing operations reached Rp 11 billion, driven by
improved profit performance across businesses

·    Health and Beauty segment continued to deliver strong growth

·    Improving IKEA performance despite weak home furnishings demand

·    Achieved profitability turnaround to Rp 27 billion for the first
quarter of 2025

 

Results

                                           Unaudited

                                           THREE MONTHS
                                           2025             2024*            Change
                                           Rp billion       Rp billion       %

 Net Revenue                               1,210            1,071            13
 Gross Profit                              554              456              21
 Profit/(Loss) from Continuing Operations  11               (76)             >100
 Reported Profit/(Loss)                    27               (1)              >100
                                           Rp               Rp               %
 Profit/(Loss) Per Share from

 Continuing Operations                     3                (18)             >100
 Reported Profit/(Loss) Per Share          6                (0)              >100

*Restatement of prior year results due to the divestment of the Hero
Supermarket segment in June 2024

 

PRESIDENT DIRECTOR'S STATEMENT

 

Introduction

The Company reported improved financial results for the first quarter of 2025,
primarily driven by robust sales during the Lebaran Festive season and from
the strong performance of Guardian Health and Beauty. Although demand for home
furnishings remains soft, IKEA achieved a reduction in losses compared to the
same period of last year due to effective cost control measures.  Overall,
the Company reported a profitability turnaround to Rp 27 billion for the first
quarter of 2025.

 

Company Performance

Net revenue for the first quarter of 2025 grew 13% year-on-year to Rp 1,210
billion. Profit from continuing operations reached Rp 11 billion, compared to
a Rp 76 billion loss in the prior comparable period, supported by strong
profit growth of Guardian and narrowing losses at  IKEA.

 

Guardian delivered double-digit like-for-like sales and profit growth,
attributed to higher foot traffic in premium malls and tourist locations. The
team remains focused on strengthening Guardian's value proposition, optimising
product range and expanding its omnichannel presence to enhance accessibility
for customers.

 

While IKEA's sales performance continued to be impacted by weak home
furnishings demand, effective cost-saving initiatives led to narrowing losses
from the prior comparable period. IKEA remains focused on driving sales
through initiatives such as enhancing store commerciality, optimising store
layout and expanding digital footprint.  Furthermore, ongoing efforts to
increase local sourcing, supported by a more effective marketing strategy, are
implemented to improve product availability and strengthen local relevancy.

 

Prospects

The Company expects the Health and Beauty business to maintain its strong
growth trajectory, while ongoing uncertainty in trading conditions remains as
an overhang on the Home Furnishings segment. Nonetheless, with a sharpened
strategic focus, the Company is well positioned for robust and sustainable
growth in the medium to long term.

 

 

Hadrianus Wahyu Trikusumo

President Director

30th April 2025

 

For further information contact:

Hadrianus Wahyu Trikusumo, President Director

PT DFI Retail Nusantara Tbk

Tel: +62-21-8378 8388

E-mail: extcomm@dfiretailgroup.com

 

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